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European Monetary System

(Encyclopedia)European Monetary System, arrangement by which most nations of the European Union (EU) linked their currencies to prevent large fluctuations relative to one another. It was organized in 1979 to stabil...

Federal Reserve System

(Encyclopedia)Federal Reserve System, central banking system of the United States. Established in 1913, it began to operate in Nov., 1914. Its setup, although somewhat altered since its establishment, particularly ...

instrument-landing system

(Encyclopedia)CE5 Instrument-landing system (ILS), the most common instrument-landing approach system, uses two beams to guide an airplane. instrument-landing system (ILS), ground-based radio system designed to...

international monetary system

(Encyclopedia)international monetary system, rules and procedures by which different national currencies are exchanged for each other in world trade. Such a system is necessary to define a common standard of value ...

Independent Treasury System

(Encyclopedia)Independent Treasury System, in U.S. history, system for the retaining of government funds in the Treasury and its subtreasuries independently of the national banking and financial systems. In one for...

National Forest System

(Encyclopedia)National Forest System, federally owned reserves, c.191 million acres (77.4 million hectares), administered by the Forest Service of the U.S. Dept. of Agriculture. The system is made up of 155 nationa...

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